Climate-Focused Financial Tech Startup Ekko Raises £2 Million

A financial technology company with a focus on climate change that encourages customers to use their debit card to plant trees and contribute to conservation programs has been successful in raising investment totaling $2.5 million (£2 million).

Ekko, which was founded in 2019, has claimed that it hopes to use the cash in order to attract 'leading industry experts' who are capable of assisting product development and international expansion. This is something that the company plans to do.

The investment firm Fuel Ventures was the primary force behind the funding round, while additional capital was supplied by Sorven Partners, Mishcon de Reya, and both of the investors who were already involved.

Previously, in the year 2021, the company that was situated in London was successful in acquiring pre-seed financing in the sum of 4.50,000 pounds.

One of the products that Ekko, which was founded by Oli Cook, Manish Vara, Simon Toller, and Tom Greenwood, has developed is a debit card that keeps track of the carbon footprint that is left behind by each purchase.